India's highest court has rejected a bail application by 24-year-old Puneet Puneet, who fled Australia in 2009 after pleading guilty to the hit and run death of student Dean Hofstee in Melbourne in 2008.

The move has cleared the way for him to be extradited back to Victoria.

At the time of the offence, Puneet was charged with culpable driving and negligently causing serious injury, then bailed on strict conditions including the surrender of his passport.

Australian police alleged Puneet was drunk and driving at high speed when he ploughed into Mr Hofstee, 19, a student from Queensland, who died at the scene. A second student, Clancy Coker, was badly injured.

Police estimated Puneet, who had a provisional driver's licence at the time of the crash, was driving at 148 kilometres per hour - more than double the legal limit in the area.

However, after pleading guilty to the charges Puneet used a friend's passport to flee Australia and return to India before a verdict was handed down.

He managed to elude Indian police for more than four years before he was finally found late last year in the northern state of Punjab.

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